Filed January 15, 2019
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 15 · EIN 25-0659306 | Recordkeeping | $15,565 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,761 | $53,777-57.7% | $134,143-83.0% | $79,858-71.5% |
| Participation rate | 72.3% | 58.8%+13.6pp | 72.2%+0.2pp | 69.6%+2.7pp |
| Annual return | 0.54% | 19.01%-18.5pp | 36.33%-35.8pp | 31.71%-31.2pp |
| Employer contribution / active EE | $755 | $1,321-42.8% | $3,704-79.6% | $2,471-69.4% |
| Participant deferral / active EE | $2,289 | $2,420-5.4% | $3,499-34.6% | $3,740-38.8% |
| Admin fee / account holder | $256 | $3,984-93.6% | $6,684-96.2% | $5,306-95.2% |